Carrizosa Gelzis v. Colombia (I) Alberto Carrizosa Gelzis, Enrique Carrizosa Gelzis, Felipe Carrizosa Gelzis v. Republic of Colombia (I) (PCA Case No. 2018-56)
United States of America
Shareholding in Banco Granahorrar, a Colombian bank.
Claims arising out of the Government’s allegedly disproportionate and discriminatory measures against Banco Granahorrar, including placing the bank under new management and its ultimate nationalization in 1998, as well as the Colombian Constitutional Court’s 2014 decision that no compensation was due to the claimants.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
PCA (Permanent Court of Arbitration)
Ferrari, F.
Douglas, Z. (replaced)
Beechey, J.
Söderlund, C.
Decided in favour of State
323.00 mln USD
Data not available
Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

National treatment

Arbitrary, unreasonable and/or discriminatory measures

None - jurisdiction declined